The Company

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Cals Refineries Limited was incorporated on the 25th of July, 1984 as a private limited company. On 22nd September, 1992 the company was converted into a public limited company and is now listed on the Bombay Stock Exchange (BSE) under the Scrip Code 526652.

The company is promoted by a group of individuals having well established businesses in India with a strong global presence in the following sectors:

Oil & Gas
Hospitality
Infrastructure

With the energy sector playing a pivotal role in global economies, the company aims to actively participate in it's growth in India as well as in international markets.

Cals Refineries Limited, in the first phase of a mega project, is establishing a 4.8 MMTPA (100,000 BPD) refinery at Haldia, India.

Milestones

MoU signed with the Haldia Development Authority for 1000 acres of land and various consessions


More information on http://www.cals.in/

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Cals Refineries, a Delhi-based company, has signed a land deal with two agencies of the West Bengal government for a Rs 20,000-crore plan for three refineries in the port town of Haldia and the Nayachar river island off Haldia, giving a fillip to the state’s plans for a chemical hub.

Manabendra Guha Roy, chief executive officer of the BSE-listed company, on Wednesday signed a memorandum of understanding with West Bengal Industrial Development Corp managing director MV Rao and the Haldia Development Authority’s CEO, Parwez Ahmed Siddiqui.

In the first two phases, Cals is to invest Rs 8,000 crore in two refineries at Haldia, each of 5 million tonne, requiring a total of around 1000 acres.

“These will be standard refineries, produce various grades of petrol, diesel, naphtha and LPG,” Guha Roy said. They will also supply naphtha to Haldia Petrochemicals Ltd.

“We are in talks with various companies for export of the petrol and diesel,” Guha Roy told FE.

Cals is also trying to rope in BP as an equity partner, Guha Roy said. The Nayachar refinery would come up in the third phase, at a cost of Rs 12,000 crore. Guha Roy said this would use new technology to maximize feedstock for downstream petrochemicals industries.

Chief Minister Buddhadeb Bhattacharjee, commerce & industries minister Nirupam Sen and HDA Chairman Lakshman Seth were present at the signing of the MoU.

Sen noted that Indian Oil Corp would be increasing the capacity of its refineries at Haldia to 12.5 million tonne over the next two years, and the MoU signed today is an important milestone towards the proposed PCPIR or Petroleum, Chemical, Petrochemicals Investment Region (PCPIR).

Hailing the Cals project as being 'important' for the state, the Chief Minister said it would create about 8,000 jobs, mainly in downstream projects, on completion.